Massive open online courses (MOOCs) are online courses where limited participation with open access via the web would help students or people to enroll for courses. These courses are different from traditional course materials like diverse types of readings, filmed lectures, and problem sets, sometimes these are interactive courses among professors, students, and teaching assistants (TAs). The course designs also include immediate feedback, assignments, and other opportunities. Such simplification of the process is expected to make the MOOCs a preferred choice for a lot of students.

The global MOOCs market is expected to thrive on various features like better time management, less cost as it does not require added investment for food and lodging, easy access to world-class courses offered by top universities, minimal course fee, financial assistance, diverse range of topics that are more integrated & well-designed, and others. This also brings students closer to eminent professors and opens up avenues for better discussions. Certificates are also a plus point that can be taken into consideration in the future.

However, the MOOCs market often suffers a blow when students desert a course midway to opt for better job opportunities. The structures are simplified, which often does not provide the actual hands-on experience. If the number of students enrolled for the course is way beyond the manageable limit, then interaction with the professor becomes difficult. Such drawbacks can deter market growth. But with growing digitalization, the MOOCs market can make solid grounds for itself.

A detailed study of the global MOOCs market requires an easy understanding of various facilities and factors that can initiate better planning. The report provides such an opportunity by segmenting it on the basis of type and application. In addition, the report has been enriched by various volume-wise and value-wise data, gathered by adept analysts.

By type, the global MOOCs market can be segmented into xMOOCs and cMOOCs. Both segments can thrive on the opportunities they provide.

Asia Pacific region is fast gaining grounds in the MOOCs market. Several universities are opening up to these possibilities and students from diverse fields are showing a substantial interest in the sector to get into the mode without spending much on food and lodging in a different place. Universities are using the MOOCs market as an opportunity to expand their profit margin. North America and Europe can get significant traction from regional universities as their global ranking is expected to make substantial ground for these regional markets to expand.

Industry News:

In September 2019, several universities have launched their new courses on this MOOCs platform. For instance, the California Institute of the Arts launched Sharpened Visions: A Poetry Workshop, the University of Michigan would take pupils for Bonds & Stocks, the John Hopkins University would start Major Depression in the Population: A Public Health Approach, and others. Such courses from eminent universities show how fast the MOOCs market is developing.